Tasks & responsibilities:
§ Implement the Internal Audit Department policies and procedures and comply with AAW’s other policies.
§ Implement operational auditing programs that are responsible for reviewing organizational and functional activities and evaluating internal control systems operational efficiency, and compliance with policies and procedures.
§ Participate in the development of specific audit programs, assignments and examinations for various departments at the request of management conduct field work of the assigned audits and draft queries as per the Audit Plan to support the effectiveness of the management systems.
§ Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies and document results of all conducted audit work in-line with set Audit regulations and guidelines of the Institute of Internal Auditors (IIA) standards.
§ Keep abreast of legislative issues, new audit regulations/trends and audit methodology, discuss updates of new regulations with the Audit Committee and suggest improvements in operations and reductions in costs.
§ Identify opportunities for improving internal controls and propose recommendations to improve effectiveness and efficiency of business processes.
§ Identify risks associated with procedures and recommend corrective actions to reduce risks.
§ Maintain professional and technical knowledge by attending educational workshops; reading professional publications; establishing personal networks; participating in professional societies.
§ Participate in special project audit assignments, fraud investigations, and other special project duties as assigned by the Audit Committee.
§ Coordinate with External Auditors(if required) to implement operational auditing programs that are responsible for reviewing and evaluating internal control systems operational efficiency, and compliance with policies and procedures as well as for providing assistance in conducting year-end financial audits.
§ Obtain, analyse and evaluate accounting documentation, previous reports, data, flowcharts etc. and conduct risk based audits in key operational areas.
§ Ensure that documents, records, and files are authenticated and genuine and document client processes and procedures as required.
§ Prepare reports such as Audit Reports, special audit assignments and audit result reports to the Manager – Internal Audit.